The demand for a content delivery network in Korea is anticipated to exhibit a promising CAGR of 6.7% through 2034. Content delivery network (CDN) sales are expected to grow considerably, from USD 955.3 million in 2024 to around USD 1,820.4 million by 2034.
| Attributes | Key Statistics |
|---|---|
| Expected Base Year Value (2024) | USD 955.3 million |
| Anticipated Forecast Value (2034) | USD 1,820.4 million |
| Estimated Growth (2024 to 2034) | 6.7 % CAGR |
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Rapid Growth in Online Content Consumption Drives the CDN Industry Growth in Korea
Korea is technologically one of the most advanced countries in the world. In the last few years, the demand for online content, including streaming services, gaming, and eCommerce, has grown substantially in Korea.
The young population in Korea relies heavily on digital platforms for entertainment, information, and shopping. This has increased the demand for efficient content delivery, driving the expansion of CDN services.
Apart from this, internet services have penetrated every nook and corner of the Korean region. The availability of high-speed internet in the hands of the general Korean population has also been one of the significant drivers for the expansion of this industry. The demand for CDN services is also soaring due to the rise of video streaming services in Korea.
On the basis of application, media distribution/delivery dominates the Korea content delivery network industry, with a whopping share of 24.40%. Not only this, CDN also provide scalability to handle sudden spikes in demand during media events, such as live streaming of sports events, concerts, or popular TV shows.
| Attributes | Details |
|---|---|
| Application | Media Distribution/Delivery |
| Value Share in 2024 | 24.40% |
For decades, the media distribution industry has been looking for an efficient way to distribute content in large quantities. CDN deploy servers in multiple locations worldwide, significantly reducing latency and improving load times.
This is crucial for media distribution, especially in streaming services, where delays can result in buffering and a poor user experience. Their demand in the media distribution and delivery industry is also rising because of their capability to provide effective analytics tools to monitor the performance of media distribution.
Based on the vertical, media and entertainment industries dominate the Korea CDN industry, holding a share of 15.50%. CDN are in high demand in Korea because they enhance user experience by preventing buffering, reducing load times, and ensuring smooth content delivery.
| Attributes | Details |
|---|---|
| Vertical | Media and Entertainment |
| Value Share in 2024 | 15.50% |
The demand for CDN in the Korean media and entertainment world is high, enabling companies to deliver content globally. Video streaming is a dominant form of media consumption, and CDN are instrumental in optimizing the delivery of video content.
The competitive landscape of the content delivery network industry in Korea is filled with numerous players, such as Akamai, Amazon CloudFront, Alibaba Cloud CDN, etc. These companies provide content delivery services not only to local consumers but also to international consumers.
The sustenance of small and new enterprises in this cutthroat competition is very difficult. In this scenario, players have to keep up with new technological innovations and evolving consumer demands to stay relevant in the industry.
Recent Developments in the Content Delivery Network Industry in Korea:
| Attribute | Details |
|---|---|
| Estimated Valuation (2024) | USD 955.3 million |
| Projected Valuation (2034) | USD 1,820.4 million |
| Anticipated CAGR (2024 to 2034) | 6.7% CAGR |
| Historical Analysis of the Content Delivery Network in Korea | 2018 to 2022 |
| Demand Forecast for the Content Delivery Network in Korea | 2024 to 2034 |
| Quantitative Units | Revenue in USD million and CAGR from 2024 to 2034 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Key Companies Profiled | Akamai; Amazon CloudFront; Amazon S3; Alibaba Cloud CDN; Cloudflare; Fastly; Google Cloud CDN; Limelight Networks; Microsoft Azure CDN; Oracle Cloud Infrastructure CDN; StackPath; Verizon Cloud CDN |
The anticipated CAGR for the content delivery network industry in Korea through 2034 is 6.7%.
The content delivery network industry in Korea is likely to reach USD 1,820.4 million by 2034.
In Korea, CDN services are consumed primarily in the media and entertainment vertical.
In Korea, the media distribution and delivery is the leading consumer of CDN services.
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Content Delivery Network Industry Analysis in Korea
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